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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Industrial properties
199 Upton Rd Colchester, CT 06415-2712
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0447502
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
11,900 SF
Lot
1.21 ac (52,708 SF)
Zoning code
AC
APN
COLC M:009 B:000 L:008-007
UPID
US15-0447502
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Intricut Machine LLC Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$895k
Blend (final)
Blend
$990k
Owner & transaction history
Nccp LLC · 6 yrs held
Nccp LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
AC · Colchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+124.5%
Retail stores
$1.3M
+82.3%
Apartment house (5+ units)
$1.0M
+38.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colchester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$960,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$725,000
Current use
OFFICE BUILDING
$1,635,000
Change: +124% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: +82% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,010,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $1.00M (Apr 13 2020)
Last sale anchor
$1.00M
Apr 13 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,354
Tax year 2023
Assessed value
$674,300
Assessed 2023
Previous assessed
$674,300
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$83,000
Assessed improvement
$591,300
Applied tax rate
380.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Total area
11,900 SF
Lot
1.21 ac (52,708 SF)
Zoning code
AC
APN
COLC M:009 B:000 L:008-007
UPID
US15-0447502
Jurisdiction
COLCHESTER
Zoning & alternative use
AC · Colchester, CT
Zoning AC · permitted uses
AC · Colchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$725,000
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$665,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Lot
1.21 ac
Current owner
From public records · entity-resolved
Nccp LLC
Entity
Mailing address
34 OCONNELL RD, COLCHESTER, CT 06415-5005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
—
Nccp LLC
—
Deed
related
$1,285,000 · Berkshire Bank
Apr 13, 2020
$1,000,000
Nccp LLC
Magnum Group LLC
Warranty Deed
$850,000 · Magnum Group LLC
Sep 25, 2013
—
Magnum Group LLC
—
Deed Of Trust
related
$150,000 · Webster Bank
Feb 23, 2011
—
Magnum Groupo LLC
—
Deed Of Trust
related
$450,000 · Webster Bank
Aug 23, 2002
—
Magnum Group LLC
—
Deed Of Trust
related
$275,000 · Citizens Bank Of Ct
Apr 3, 2002
$75,000
Magnum Group LLC
Owens,jerry
Warranty Deed
—
Feb 28, 2000
$65,900
Jerry R Owens
Mary S Jones T
Grant Deed
$62,900 · Eastern Savings & Loan Assn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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